Which of the Following Procedures Would an Auditor Most Likely

question 53

Multiple Choice

Which of the following procedures would an auditor most likely include in the initial planning of an examination of financial statements?

• A)Assess the need for the use of specialists in the audit.
• B)Inquiring of the client's attorney as to any claims that are likely to be asserted.
• C)Perform detailed testing of the individual financial statement accounts.
• D)Determining whether necessary internal controls procedures are being applied as prescribed.

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Definitions:

Voltmeter

An instrument used for measuring the potential difference, in volts, between two points in an electric circuit.

Minimum Reading

The lowest value or measurement that can be accurately read or determined by a given instrument or method.

Universal Motor

An electric motor that can operate on either AC or DC power, commonly found in household appliances.

Wound Armature

An armature with coils wound around its laminated core, typically part of an electric machine, that interacts with the magnetic field to generate motion or electricity.